U.S. President Donald Trump’s approval rating has dipped slightly as more Americans express concerns about the economy, according to a new Reuters/Ipsos poll.
The survey found that 44% of respondents approve of Trump’s job performance, down from 45% in late January. Meanwhile, disapproval has risen to 51%, compared to 41% shortly after he took office.
Economic Anxiety on the Rise
A key factor in the shift is growing unease about the U.S. economy. The percentage of Americans who believe the country is on the wrong economic track climbed from 43% to 53% in just over a week. Trump’s approval rating for economic management has also declined, dropping from 43% to 39%.
Despite this dip, his economic approval remains higher than former President Joe Biden’s final rating of 34%. However, it is significantly lower than the 53% approval Trump received in February 2017, during his first month in office.
Concerns Over Inflation and Tariffs
Economic uncertainty has been fueled by rising inflation and Trump’s trade policies. A recent U.S. Labor Department report showed the biggest increase in consumer prices in nearly 18 months, with many Americans facing higher costs for everyday goods and services.
Adding to concerns, Trump announced steep tariffs on imports from China, Mexico, and Canada, set to take effect in March. Though the Mexico and Canada tariffs have been delayed, the planned March 12 tariffs on steel and aluminum imports remain on schedule. These policies have sparked divided opinions, with 54% of Americans opposing new tariffs on imported goods, 41% in favor of increased tariffs, and support for tariffs on Chinese goods slightly higher at 49% in favor and 47% opposed.
Mixed Approval on Key Policies
While his economic rating has declined, Trump continues to see stronger support for his immigration policies, with 47% approval—unchanged from earlier polls. His approach includes promises to ramp up deportations of undocumented immigrants.
However, inflation remains a major challenge, with only 32% of respondents approving of his handling of the issue. This could be an early sign of public dissatisfaction with his economic policies, particularly after several years of rising prices weakened Biden’s standing ahead of the last election.
Poll Details
The Reuters/Ipsos poll was conducted online with 4,145 U.S. adults nationwide and has a margin of error of about 2 percentage points. The results highlight growing public concerns about Trump’s economic leadership as he faces increasing scrutiny over inflation, tariffs, and the future of U.S. trade policy.
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